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Repurchase Agreements
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Repurchase Agreements Repurchase AgreementsSecurities sold under agreements to repurchase consist of obligations of the Bank to other parties. The obligations are secured by federal agency collateralized mortgage obligations and federal agency mortgage-backed pools and such collateral is held in safekeeping by third parties. The maximum amount of outstanding agreements at any month end during 2021 and 2020 totaled $145.2 million and $109.5 million and the daily average of such agreements totaled $123.7 million and $100.2 million. The agreements at December 31, 2021 are overnight agreements.
The following table shows repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements:
December 31, 2021
Remaining Contractual Maturity of the Agreements
Overnight
and
Continuous
Up to one
year
One to three
years
Three to five
years
Five to ten
years
Beyond ten
years
Total
Repurchase Agreements and repurchase–to–maturity transactions
Repurchase Agreements$130,798 $— $— $— $— $— $130,798 
Securities pledged for Repurchase Agreements
Federal agency collateralized mortgage obligations$31,372 $— $— $— $— $— $31,372 
Federal agency mortgage–backed pools98,474 — — — — — 98,474 
Private labeled mortgage–backed pools16,639 — — — — — 16,639 
Total$146,485 $— $— $— $— $— $146,485